In April, the volume of industrial production increased

News
Posted on 31 May 2016, 11:00
According to Statistics Estonia, in April 2016, the production of industrial enterprises increased 1% compared to April of the previous year. Production increased in the energy sector and manufacturing, but decreased in mining and quarrying.

In April, manufacturing production increased 1% compared to April 2015. The production growth was broad-based – in April, production surpassed the volume of the previous year in more than a half of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood, electrical equipment, electronic and metal products.

70% of the whole production of manufacturing was sold on the external market in April. According to unadjusted data, the export sales of manufacturing production rose 1% and domestic sales 3% compared to April 2015.

In April 2016 compared to the previous month, the seasonally adjusted total industrial production rose 6%; production in manufacturing increased 2%.

Compared to April 2015, the production of electricity increased 9% and the production of heat decreased 1%.

Diagram: Volume index of production in manufacturing and its trend

Change in volume index of industrial production, April 2016
(percentages)
Economic activity Change compared to the previous month according to seasonally adjusted dataa Change compared to the corresponding month of the previous year
according to unadjusted data according to working-day adjusted datab
TOTAL 6.0 0.8 0.8
Energy production 13.6 5.0 5.0
Mining 49.5 -14.7 -14.7
Manufacturing 2.1 1.4 1.4
manufacture of computer, electronic and optical products 5.6 0.8 0.8
manufacture of wood and wood products 0.6 5.3 5.3
manufacture of food products -2.5 -0.5 -0.5
manufacture of fabricated metal products 8.7 2.1 2.1
manufacture of electrical equipment 5.2 13.1 13.1
manufacture of chemicals and chemical products -15.7 -23.2 -23.2
manufacture of furniture 7.0 10.5 10.5
manufacture of motor vehicles 8.5 9.5 9.5
manufacture of building materials 7.0 13.1 13.1
manufacture of machinery and equipment 2.3 6.6 6.6

a In the case of the seasonally adjusted volume index of industrial production, the impact of the differing number of working days in a month and seasonally recurring factors have been eliminated. It is calculated only in comparison with the previous period.

b In the case of the working-day adjusted volume index of industrial production, the impact of the differing number of working days in a month has been eliminated. It is calculated only in comparison with the corresponding period of the previous year.

The statistics are based on the questionnaires “Industry”, the submission date of which was 15.05.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.05.2016. Statistics Estonia published the monthly overview in 11 working days.